Question
Mike Greenberg opened Indigo Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 13,900 shares of common
Mike Greenberg opened Indigo Window Washing Inc. on July 1, 2022. During July, the following transactions were completed.
July 1 | Issued 13,900 shares of common stock for $13,900 cash. | ||
---|---|---|---|
1 | Purchased used truck for $9,280, paying $2,320 cash and the balance on account. | ||
3 | Purchased cleaning supplies for $1,040 on account. | ||
5 | Paid $2,040 cash on a 1-year insurance policy effective July 1. | ||
12 | Billed customers $4,290 for cleaning services performed. | ||
18 | Paid $1,160 cash on amount owed on truck and $580 on amount owed on cleaning supplies. | ||
20 | Paid $2,320 cash for employee salaries. | ||
21 | Collected $1,860 cash from customers billed on July 12. | ||
25 | Billed customers $2,900 for cleaning services performed. | ||
31 | Paid $340 for maintenance of the truck during month. | ||
31 | Declared and paid $700 cash dividend. |
The chart of accounts for Indigo Window Washing contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated DepreciationEquipment, Accounts Payable, Salaries and Wages Payable, Common Stock, Retained Earnings, Dividends, Income Summary, Service Revenue, Maintenance and Repairs Expense, Supplies Expense, Depreciation Expense, Insurance Expense, and Salaries and Wages Expense.
Journalize the July transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date July 1July 3July 5July 12July 18July 20July 21July 25July 31 | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount |
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